Categories Earnings, Industrials

CSX Corp (NASDAQ: CSX): Q4 2019 Earnings Snapshot

— CSX Corporation (NASDAQ: CSX) reported its fourth-quarter 2019 earnings of $0.99 per share versus $0.97 per share expected.

— Revenue fell by 8% to $2.89 billion versus $2.92 billion expected. This was due to lower volumes and negative mix from coal market headwinds.

CSX Corporation (CSX) Q4 2019 Earnings Snapshot

— Expenses decreased by 9% year-over-year to $1.73 billion, driven by continued efficiency gains and volume-related savings.

— Domestic coal volume declined by 14% due to lower shipments of utility coal as a result of continued competition from natural gas.

— Export coal fell by 20% due to lower international shipments of both thermal and metallurgical coal as global benchmark prices declined.

— The operating performance continued to improve in the fourth quarter, with train velocity increasing 12% and car dwell decreasing 9%, both to all-time record levels.

— Looking ahead into the full year 2020, the company expects revenue to be flat to down 2%. The company expects an operating ratio of 59%.

— Capital expenditures are anticipated to be in the range of $1.6 billion to $1.7 billion for the full year. The company continues to return capital to shareholders in 2020.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top